Coupang (NYSE:CPNG) Hits New 12-Month High at $21.19

Coupang, Inc. (NYSE:CPNG - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $21.19 and last traded at $21.00, with a volume of 13284263 shares changing hands. The stock had previously closed at $19.06.

Analyst Ratings Changes

CPNG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and increased their price objective for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. UBS Group downgraded Coupang from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $26.00 to $18.50 in a report on Wednesday, December 20th. Barclays boosted their price objective on shares of Coupang from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. TheStreet upgraded shares of Coupang from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Finally, Citigroup lowered shares of Coupang from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.92.

Coupang Price Performance

The firm has a market cap of $38.11 billion, a PE ratio of 27.89 and a beta of 1.32. The stock's fifty day moving average price is $17.29 and its 200-day moving average price is $16.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The company had revenue of $6.56 billion during the quarter, compared to analysts' expectations of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that Coupang, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity

In related news, insider Pranam Kolari sold 2,356 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.88, for a total value of $32,701.28. Following the sale, the insider now directly owns 182,844 shares in the company, valued at approximately $2,537,874.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Pranam Kolari sold 2,356 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total transaction of $32,701.28. Following the completion of the transaction, the insider now directly owns 182,844 shares of the company's stock, valued at approximately $2,537,874.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total value of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares of the company's stock, valued at $6,929,948,343.59. The disclosure for this sale can be found here. Insiders sold a total of 33,355,590 shares of company stock worth $633,443,979 over the last 90 days. 14.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Coupang

Several institutional investors and hedge funds have recently made changes to their positions in CPNG. Baillie Gifford & Co. increased its position in Coupang by 21.6% during the 4th quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company's stock worth $2,356,036,000 after purchasing an additional 25,843,034 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Coupang by 12.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,970,385 shares of the company's stock worth $970,922,000 after purchasing an additional 6,618,577 shares during the last quarter. Duquesne Family Office LLC grew its holdings in shares of Coupang by 4.4% during the fourth quarter. Duquesne Family Office LLC now owns 20,283,765 shares of the company's stock worth $298,374,000 after buying an additional 849,458 shares in the last quarter. FMR LLC raised its position in shares of Coupang by 2.0% in the third quarter. FMR LLC now owns 19,836,006 shares of the company's stock valued at $337,212,000 after buying an additional 381,964 shares during the last quarter. Finally, Viking Global Investors LP lifted its stake in shares of Coupang by 255.2% during the fourth quarter. Viking Global Investors LP now owns 15,494,869 shares of the company's stock valued at $250,862,000 after buying an additional 11,132,325 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.